CBN did not authorise banks to collect old ₦500 and ₦1000 notes

The Central Bank of Nigeria has debunked reports that it authorised commercial banks to start accepting the old ₦500 and ₦1000 notes.

How CBN intends to protect Nigerians in unbanked areas amidst Naira redesign

Ahead of the circulation of the new Naira notes, the Central Bank of Nigeria has disclosed that agency bankers have been accorded priority to enable cash collections in unbanked areas.